This email from Thiel is clearly old but even more poignant today for NYC of course. I suspect this will take on a cyclical nature: NYC may be entering into what SF was a few years ago, with ideas of being more permissive on crime and more socialist leanings. But that will inevitably go very poorly with elevated crime, etc, and eventually people will elect more centrist candidates (eg see SF now), which will bring back the previous ways -- just to the point where everything heals just enough for the next socialist candidate to come in.